FTC Orders SCI To Divest Funeral Homes In Merger

Law360, New York (March 29, 2010, 7:19 PM EDT) -- Service Corporation International, the largest funeral services provider in the U.S., has agreed to divest 22 funeral homes and five cemeteries in order to resolve competition concerns in its $200 million purchase of rival Keystone North America Inc.

The Federal Trade Commission said Friday that the transaction as initially proposed would have eliminated intense competition between the companies in the market for funeral and cemetery services in 19 local markets nationwide.

The agency claimed that the deal would have made it easier for the combined firm...
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